Member Info for nightye1

I get what your saying money, but I don't think they can just sit on market sensitive info until its convenient to release. Not sure how it works with a placing plonked in the middle of things aswell.

True ggp, I've always thought that, I don't think they have hit a deadline yet as like you said there are so many variables outside of there control they should just say awaiting results rather than give an expectation your unlikely to hit.

A month between results seems like a long time, I know they had some downtime due to weather factors. Is it possible they asked for all drill results to be sent as one so they had time to get there placing out?

Still waiting on the rest of the money to be finalised for the Lady Alice portion of the fund raise, Rupert said january for this, so not sure what's holding this up.. maybe that has something to do with the price stagnation at the moment aswell.

Problem is the biggest shareholders wait for placings, get there discount and the sp stagnates as there's not enough interest from pi's to get it moving again.. think they can release all the results they like, don't think this will see any proper movement until confirmation from the tracer test to prove that isr is viable in the field and the maiden resource estimate and they are both june/July time.. imo

New Sunday roast interview, well worth a listen. One day Ruperts enthusiasm will transfer to the share price!

https://youtu.be/xKzloSBO32M?si=YYcQgTZSQ0CzAs2e

Apologies if the link doesn't work, phone doesn't like it.. copy and paste will work though.

Did someone have an accurate count of warrants still kicking around? Had a quick look and looked like somewhere in the 200m region, ranging from 2 to 3p. Could raise around 4/5 million and it's built in dilution. Obviously share price would need a rocket up it's.. to get those actioned.

Back to gold and sub 1 for the foreseeable I guess..

Lovely

Great results, should get a rns about drilling before Xmas aswell after watching the summary video. Keep on rolling, only a matter of time. Can't be under the radar for much longer with the rns's that are being put out. If permeability in the field matches bench scale could be a very good 2025 hopefully! Gla

Think he's mentioned it a couple of times in interviews.. I asked a question awhile ago about financing and he said they were looking for non dilution funding for the pilot programme, whether that is still the case I'm not sure. Guess it will depend on how the drilling and tracer test goes..

Benchscale tests results with improved permeability due any day now, interested to see how this looks compared with the first. Also think they were doing stakeholder engagement yesterday so hopefully we have a couple of decent rns's to bring in the new year. Gla

Pretty sure that was a buy Tuesday. Who knows peoples thinking.. given up trying to understand why people sell at times like this, with the share price below the recent placing price, unless it was someone who bought the placing and didn't want to be tied up if this goes down further. But to caveat that the share price went up and someone bought 19k on the bell, and they got a pretty good sell price considering the bid was 1 most of the day.

All the data and numbers point to this being pretty special, but until it's been proved to work on the ground and there's a mre it's just speculation at the moment and you have to ride these times out. Gla

Think you need to log in to the cobra resources website to watch mate

Nearly 10 to 1 buying to selling and ask is the same as we started.. crazy

Good webinar. Hopefully they can get drilling before Xmas! Gla

Don't worry scaff I've been called worse..

Sws I get your point, I beleive that it would of pushed higher and held at the least and then a raise could of been done at 1.3ish but that's just hindsight and wishful thinking I guess, just don't like the dilution at these levels and for a discount when they are producing the numbers they are. The problem is the word doesn't seem to be getting out to the right people. Whilst I like the Sunday roast interviews, hardly anyone watches, think the last one has 40 views which is probably the people on this board. The proactive investors interview seemed to get a bit of buying interest but there isn't enough, who knows what or when the tipping point might be.

Jollifant as for more risk than reward, I think currently the risk is will they be able to replicate in the field? I think they have enough info to have an idea of resource size and the bench scale tests have already been very successful and continue to be improved upon. Short term is what will the mrec look like, as that will start putting numbers and start making the idea more of a reality! Jist have to hold and wait.

Why not raise after the short term news flow? Bench scale test down from 150 days to 1.. incredible! About to be the first Australian ionic clay rare earth Explorer to produce an mrec..amazing! the problem is pi's are the reason the sp moves, only david clarke has bought on the open market. We don't get any of these benefits, I didn't get a discount on my buying, I'm 20% down on my buy price where i should of been in profit after that bench scale rns because of the raise whereas these investors got 150 million shares of the company at a discounted price, with the certainty of the news flow to come. But hey it's done now, like you said they have plenty of capital and shouldn't need to raise and if the sp does go up there's alot of warrants around the 2p mark which add more money.

Maybe one day cobra can make me rich enough that i can be one of the privileged people that get these benefits. Gla

Live webinar Tuesday 3rd December with Rupert discussing recent news and raise. Register on the cobra website or ask questions beforehand if you can't make it.

Nice buys going into the close, hopefully that can continue next week! Gla

Asked the reasoning behind yesterday's raise and got this response. Hope it helps anyone who was wondering like I was.

Hi ,

Risk in rare earth projects lies within metallurgy, we chose to address this risk upfront. We are satisfied that we have addressed metallurgical risk and are confident in the opportunity the company is advancing. We are now ready to drill aiming to define a significant resource and perform infield studies which will require an increased capital spend. To do this we need to be adequately funded. It is poor governance to fully drawdown on capital before addressing going concern.

The placing has been heavily supported by existing long term shareholders. Our major shareholders, the Lady Alice Vendors have not sold a single share and have a long term investment strategy. Their participation covers 45% of the placing. The vendors intent to lift the rule 9 takeover threshold demonstrates their support and belief in the project, shareholders should see this as a great endorsement. It also provides them additional headroom enabling them to support on market should they wish to do so.

The placing has been kept tight with no market maker participation which we expect will tighten any short-term selling. Capital markets are challenging at present, and many companies are raising capital at much larger discounts. New UK tax laws, poor economic forecasts and evolving geopolitics make for uncertain times in capital markets.

The board considers that by completing a placing now, before very important short turn news flow, that we can build share price appreciation, particularly now that there is no expectation that the company will be looking to raise funds.

We now are well funded to execute on scaled work programmes without any market expectations of financing. We expect this will ultimately deliver value to our shareholders.

Sincerely,

Rupert Verco

Why raise so much? 20% dilution to accelerate a work program whilst simultaneously being told that they were in no rush to go out and drill.. looking forward to every decent rns being sold into while we churn through 10's of millions of shares so these "new" investors make there 10% and wait for the next placing. Gla

Ask the question on the cobra investor hub, just be us guessing otherwise.

My buying was impeccably timed as usual.. only bought as it was strongly implied that we had enough funds going into the new year and i was expecting the rasie to be at a much higher premium! Cut the process from 150 days down to 24 hours and we're raising at 1.15.. I'm sorry the raising should of been at market price at least or wait until when the mrec has been produced and the price is somewhere closer to 2! Just stunts whatever growth there should of been with the extremely positive news about the metallurgical testing.